Bloomios, Inc. announced that it has entered into securities purchase agreement for a private placement of senior secured convertible debentures for gross proceeds of $852,941 on November 15, 2022. The transaction included participation from five investors. The notes include a discount of 15% and will mature on October 26, 2024.

In connection with the transaction the company has issued 459,797 warrants were issued on November 15, 2022.Each warrant provides for the purchase by the applicable holder of debentures of a number of shares of common stock equal to the total principal amount of the debenture purchased by such holder divided by the average of the VWAP of the common stock during the ten-trading day period immediately prior to October 26, 2022. The exercise price of the Warrants is 125% of the conversion price of the debentures. Pursuant to the agreement, the holders of the debentures were each issued a number of shares of common stock equal to 35% of such holder's subscription amount divided by the lower of the closing price of the common stock on October 26, 2022 or the average of the VWAP of the Common Stock during the ten trading day period immediately prior to October 26, 2022.

A total of 109,432 shares of Common Stock were issued on November 15, 2022.